Dongguan Tarry Electronics Co (SZSE:300976) Days Payable : 93.70 (As of Mar. 2024)

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What is Dongguan Tarry Electronics Co Days Payable?

Dongguan Tarry Electronics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥362 Mil. Dongguan Tarry Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥353 Mil. Hence, Dongguan Tarry Electronics Co's Days Payable for the three months ended in Mar. 2024 was 93.70.

The historical rank and industry rank for Dongguan Tarry Electronics Co's Days Payable or its related term are showing as below:

SZSE:300976' s Days Payable Range Over the Past 10 Years
Min: 37.54 Med: 77.61 Max: 119.56
Current: 80.35

During the past 9 years, Dongguan Tarry Electronics Co's highest Days Payable was 119.56. The lowest was 37.54. And the median was 77.61.

SZSE:300976's Days Payable is ranked better than
52.32% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SZSE:300976: 80.35

Dongguan Tarry Electronics Co's Days Payable increased from Mar. 2023 (93.55) to Mar. 2024 (93.70). It may suggest that Dongguan Tarry Electronics Co delayed paying its suppliers.

Dongguan Tarry Electronics Co Days Payable Historical Data

The historical data trend for Dongguan Tarry Electronics Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dongguan Tarry Electronics Co Days Payable Chart

Dongguan Tarry Electronics Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

37.54

77.61

88.00

75.95

99.79

Dongguan Tarry Electronics Co Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															93.55	79.48	70.61	70.90	93.70

Competitive Comparison of Dongguan Tarry Electronics Co's Days Payable

For the Metal Fabrication subindustry, Dongguan Tarry Electronics Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dongguan Tarry Electronics Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dongguan Tarry Electronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dongguan Tarry Electronics Co's Days Payable falls into.

Dongguan Tarry Electronics Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Dongguan Tarry Electronics Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (228.602	+	347.781)	/	2 )	/	1054.067	*	365
=	288.1915					/	1054.067	*	365
=	99.79

Dongguan Tarry Electronics Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (347.781	+	377.11)	/	2 )	/	352.955	*	365 / 4
=	362.4455					/	352.955	*	365 / 4
=	93.70

Dongguan Tarry Electronics Co Days Payable Related Terms

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Dongguan Tarry Electronics Co (SZSE:300976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongguan Tarry Electronics Co Ltd (SZSE:300976) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Tongsha Science and Technology Park, 3rd Floor, Area B, Building 5, Guanghui Industrial Zone, Dongcheng District, Guangdong Province, Dongguan, CHN, 523127

Website

http://www.dgtarry.com

Dongguan Tarry Electronics Co Ltd is engaged in the research and development, production and sales of functional and structural devices for consumer electronics. It specializes in the production of precision die-cutting products, foam protective film tape, insulating and thermally conductive products, EMI shielding products, sewing and high-frequency earmuffs, head cushion products, assembly automation equipment and many other product series. Products are widely used in FPC flexible circuit boards, OLED backlight display modules, plastic shells, solar photovoltaics, power batteries, audio headsets, VR/AR and other electronic and electrical industries.

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